Source: Jeff Bezos, TED Talk
Published: February 2003
The Electricity Metaphor for the Web’s Future
Circulated: March 6, 2020
Folks compared the dot-com bubble in the late 1990s with the gold rush of 1848-1855. This analogy is weak because while gold has a limited supply, innovation is without end.
A better analogy is the Internet and the electric industry. Both are horizontal enabling layers that span across industries. The killer app that got the world ready for wired appliances was the light bulb. Instead of putting electricity into the home, people viewed it as putting lighting into the home. Each room typically had a light sock where you’d unscrew the light bulb and screw in an appliance when you wanted to use it. There was no off button, you’d simply unscrew the appliance when done using it.
“If you really do believe it’s the very, very beginning of the Internet, then you’re incredibly optimistic. I do believe there is more innovation ahead of us than behind us."